ABBV Options Show Bullish Skew at $220–$225: Here’s the Play for Traders on Mar 31, 2026

• ABBV trading up 1.68% at $216.70 in midday action
• Options OI skewed heavily on the call side near $220–$225
• MACD and RSI hint at exhaustion near key moving averages

If you’ve been watching AbbVie today, the signals are clear: money is moving in with bullish conviction, especially near the $220 and $225 call strikes expiring this Friday. That’s not a random pattern—it’s a signal. And for traders with the right mindset, it’s an opportunity.

Reading the Options Skew: Calls Dominate at Key Levels

ABBV’s options market is sending a strong message right now. The highest open interest on calls for Friday expiration is at $220 (749 contracts), $225 (391), and $217.5 (359). That’s a tight cluster of strikes, all within a few points of each other. It suggests that a lot of money is being placed on a move above $220, which is just a few ticks under the 30-day moving average of $224.31.

On the put side, OI is more spread out. The $200 put is the most watched, with 2,523 contracts outstanding, followed by the $210 and $190. But the volume is much thinner compared to the call side. And the put/call ratio for open interest is almost even—1.04. That’s not bearish. It’s neutral at best.

So what does this mean? It means the market is leaning bullish. But not just any bullish—specific. The bulk of the money is focused on a breakout above $220. If that happens, the $225 calls could see a surge. And if not? Well, the puts are watching for a deep decline.

No Major News, But That Doesn’t Mean Nothing

There haven’t been any major headlines about AbbVie in the past few days. That’s not unusual. Big pharma companies like ABBV don’t move often on news unless there’s a product launch, a lawsuit, or a regulatory update.

But silence is still a signal. In this case, the lack of news means the move we’re seeing today is being driven by market mechanics—not company-specific events. So the focus is on technicals and options sentiment. That’s not bad for a trader. In fact, it can be more predictable.

Actionable Setup: A Call Buy for Friday, A Core Entry for the Stock

If you’re trading options and want to take a directional bet, the most attractive play right now is the ABBV20260403C220 call. It’s the most watched of the Friday-expiring options, and it’s just $3.30 out of the money. That’s not too far to be a speculative play—it’s within a natural bounce zone.

For a stock play, watch $218.57—that’s the middle Bollinger Band. If the stock holds above that, consider entering at $219.50–$220, with a stop just below the intraday low of $214.85. A first target could be $224.31 (30-day MA), and a second one at $227.00 (200-day MA range). If you hit $227, the $225 call could be a strong follow-up play.

Volatility on the Horizon

As we head into the next few days, the key will be whether the $220 level holds. If it breaks and closes above it, the 100-day MA at $223.93 becomes the next target. If it fails to hold, the support at $218.57 becomes crucial. Either way, the options market is already pricing for a move. And if it comes, the $220–$225 call range is where you want to be.

ABBV isn’t in a breakout yet—but it’s getting close. The market is leaning in. And for traders who know how to read that lean, the next few days could be a solid chance to profit.